CALGARY, AB - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") is pleased to announce the appointment of Mr. D. Michael G. Stewart to its Board of Directors (the "Board"), effective March 17, 2021. Bonterra believes Mr. Stewart's extensive energy experience and expertise across all facets of corporate governance will provide invaluable contributions to the Board. Mr. Stewart currently serves on the board of TSX and NYSE-listed TC Energy and brings more [Read more]
Headlines
Alberta regulator orders takeover of Mojek Resources’ wells, pipelines, facilities
CALGARY - The Alberta Energy Regulator says it is directing the Orphan Well Association and working interest partners of Mojek Resources Inc. to take over its wells and facilities after the company failed to clean up multiple spills and comply with multiple orders. The regulator says the escalation of enforcement was deemed necessary when the Calgary-based company failed to comply by March 5 with an order issued Jan. 4 requiring the suspension of its wells and facilities, discontinuation of [Read more]
Commercial pilot to test radio frequency oilsands technology funded
A company investigating the use of radio frequency energy as a cleaner and cheaper way to produce heavy oil from the oilsands says it has the means to proceed with a commercial pilot project. Calgary-based Acceleware Ltd. says a recent commitment of $5 million from Alberta Innovates, a provincial research agency, brings its direct funding to $19 million and fully funds its proposed pilot. Its other funders include Suncor Energy Inc. and an unnamed second oilsands producer with up to $2 [Read more]
Perpetual Energy Inc. announces CFO succession Plan and common share private placement
CALGARY, AB - (TSX: PMT) – Perpetual Energy Inc. ("Perpetual" or the "Company") announces today the planned retirement of Vice President Finance and Chief Financial Officer ("CFO") Mark Schweitzer. Mr. Schweitzer joined the Company in January 2017 and will remain in his existing capacity until the spring of 2021. "We thank Mark for his exceptional leadership and strategic insights that have positioned Perpetual for future success. Mark's contributions to Perpetual have been invaluable and [Read more]
Oil bears and bulls grapple as market puzzles over pandemic exit
Trading in oil futures is now as heavy as it was in the first months of the COVID-19 crisis, according to market data and analysts, with oil bulls and bears rushing to hedge against jolts in the steady rise of prices. Oil futures have already recovered to pre-pandemic levels, with Brent crude futures spiking $55 in less than a year to $70 a barrel this week while actual fuel demand remains weak. But speculation over when and if people will begin to travel and commute as they once did is [Read more]
Producing Alberta mineral titles for sale
The Estate of Margaret Brassington (deceased) is offering for sale two quarter sections of freehold mineral interests, each of which is producing crude oil and generating royalties. These interests comprise: All mines and minerals except coal within, upon or under the Southwest Quarter of Section 5-49-1 W4M comprising 64.3 hectares (160 acres); and All mines and minerals except coal within, upon or under the Northeast Quarter of Section 19-49-1 W4M excepting thereout any of the waters [Read more]
Reduce your invoicing process times by 50% or greater by automating open invoice and cortex data entry
Enter My Invoice, a leading e-invoicing and field ticketing company, is helping companies streamline their invoice submission into different e-invoicing portals such as OpenInvoice and Cortex. Some of the benefits of automating invoice submission into different e-invoicing portals include: Reducing the time to get invoices into a payment stream Reducing the amount of invoice kickbacks due to data errors Reduce carrying costs on invoices by getting them processed faster "One of [Read more]
XI Technologies: How synergy shapes acquisitions and divestitures
Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. 2021 is shaping up to be a year of aggressive mergers and acquisitions. As companies look to recover from 2020, find new opportunities, or reposition themselves considering recent challenges, it’s become essential to have proactive [Read more]
InPlay Oil Corp. announces its 2020 financial, operating and reserves results highlighted by record reserves
CALGARY, Alberta- InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) announces its financial and operating results for the three and twelve months ended December 31, 2020, and the results of its independent oil and gas reserves evaluation effective December 31, 2020 (the “Reserve Report”) prepared by Sproule Associates Limited (“Sproule”). InPlay’s audited annual financial statements and notes, as well as Management’s Discussion and Analysis (“MD&A”) for the year ended [Read more]
Petro Viking increases its land position by 300% in West Central Alberta
Calgary, Alberta – Petro Viking Energy Inc. (“Petro Viking” or the “Company”) (CNSX:VIK.V.CN) is pleased to announce the completion of the Acquisition of mineral rights, increasing its land position by 300% in West Central Alberta. As a result of the acquisition, the Company now holds a 50% interest in 7,680 acres of mineral rights, (3,840 acres net). The completion of this acquisition positions the Company with additional opportunities for growth in its core Area immediately adding 10 [Read more]